Question 12 Not yet answered Marked out of 1.00 Flag question Valley Trails is preparing the Cash Budget for the upcoming period, and is concerned about their ability to meet their financial obligations in the short term. Following is information relating to Valley's financial performance: Beginning-of-period balances: Accounts Receivable: $54,000 Accounts Payable: $27,000 Accumulated Factory Depreciation: $288,000 Cash: $13,500 Estimates for end-of-period balances: Accounts Receivable: $67,500 Accounts Payable: $18,000 Accumulated Factory Depreciation: $296,000 Budgeted activity levels for the period: Sales: $250,000 Purchases of Direct Materials: $44,800 Direct Labor Wages: $75,000 Manufacturing Overhead: $25,000 Selling and Administrative Expenses: $42,000 Except for purchases of direct materials, all expenses are paid as incurred. What is the budgeted ending cash balance for the period? Select one: a. $76,700 b. $62,200 c. $70,200 d. $89,200 e. None of the above